Point C on the production possibilities frontier in the above ...

[joe]

Point C on the production possibilities frontier in the above diagram illustrates
 
  A) a point that achieves production efficiency.
  B) a combination of goods and services that cannot be produced efficiently
  C) all goods and services that are desired but cannot be produced due to scarce resources.
  D) a production point that has underutilization of resources

Question 2

Refer to the figure above. Total welfare can be increased by ________.
 
  A) increasing output above Q1
  B) reducing output below Q1
  C) lowering the market price below P1
  D) increasing the market price above P2

[iceage]

Answer to Question 1

A

Answer to Question 2

B

[joe]

Thanks for the timely response, appreciate it

[atrochim]

Gracias!